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How To E-Verify Income Tax Returns: Check Step-By-Step Guide Here
Taxpayers are required to verify their income tax return (ITR) in order to finish the return filing process. If you don't verify it on time, ITR will be considered invalid
Over 6.7 crore income tax (I-T) returns for the financial year 2022-23 (assessment year 2023-24) have been filed as of July 31, according to the I-T department website. However, filing ITR is only half work done. Taxpayers are required to verify their income tax return (ITR) in order to finish the return filing process. If you don't verify it on time, ITR will be considered invalid. The CBDT has shortened the ITR verification time restriction to 30 days (down from 120 days) from the date of return filing.
E-verification is the most simple and quick way to verify your ITR. However, if you prefer not to e-verify, you can send a physical copy of the ITR-V to be verified. The income tax department offers multiple ways to e-verify ITR, including Aadhaar, bank account, net banking, bank ATM, demat account and through Digital Signature Certificate (DSC).
Here Are Some Ways To E-Verify Your ITR
Here Are Steps To Verify Returns Using Aadhaar OTP:
- Log in to the ‘e-Filing’ website incometax.gov.in (with your Login credentials)
- Go to e-File
- Click on Income tax Returns
- Go to e-Verify Return
- Click on 'e-Verify'
- Select the Aadhaar option
- Enter the 6-digit alphanumeric OTP received on the mobile Number which is registered in the Aadhaar card database to e-Verify your return.
Note: To e-verify the ITR through Aadhaar OTP, your Aadhaar Number must be linked with your PAN.
Here Are Steps To Verify ITR Using Net Banking
- Log on to the ‘e-Filing’ website incometax.gov.in (with your Login credentials).
- Go to e-File
- Click on Income tax Returns
- Go to e-Verify Return
- Click on 'e-Verify' link and select option 'I do not have an EVC and I would like to generate an EVC'
- Select the Net Banking option
- Select the Bank
- Enter the Login credentials of your Net Banking
- Select the option 'Login to e-File' (the e-Filing website dashboard will have appeared)
- Click 'e-Verify' and confirm the Pop-Up to e-Verify your return.
Also Read: ITR Filing: What To Do If You Miss July 31 Deadline, Consequences, Belated Return
Steps To e-Verify ITR Through Bank Account Number
- Log in to the ‘e-Filing’ website incometax.gov.in (with your Login credentials)
- Go to e-File
- click on Income tax Returns
- Go to e-Verify Return
- Click on 'e-Verify'
- Select the Bank account option
- Select EVC - Through Bank Account Number
- Enter the OTP received on the mobile Number (Registered with Bank) to e-Verify your ITR.
If taxpayers fail to verify their returns on time, the return is considered invalid, and they may face the repercussions of not filing ITR under the Income Tax Act of 1961. However, taxpayers may request that the delay in verification be excused by providing a legitimate explanation. They will be allowed to e-verify the return only after submitting such a request. However, the return will be treated as valid only after the condonation request has been approved by the competent Income Tax Authority.
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